Did you know that more than 11 million households in the U.S. own an RV (recreational vehicle)? With the current state of the world, there is all the more reason to own one. From taking mini-vacations to viewing natural beauty, there is a lot to like.
Be that as it may, there is still a looming question if you’re in the market—new vs used. This question is on top of a list of other questions such as vehicle type and your camping lifestyle.
Before you get too overwhelmed with decisions, we are here to help. In our guide below we help break down categories to help you choose between buying used or new. Read on to get started on your adventure.
When you’re on the hunt for a recreational vehicle, the purchase big will be a huge priority. Most buyers want to get the most bang for their buck and have a budget to stick to.
Depreciation of the recreational vehicle is another deciding factor and buying used will save you from losing money. Within the first year or two of a new recreational vehicle, you can expect it to depreciate in value by tens of thousands of dollars.
Be that as it may, do your due diligence and research when deciding between new vs used and their price points. Why not check out a Class B RV for sale and see what’s available?
If you decide to purchase a new recreational vehicle, having a warranty will give you peace of mind. Just in case anything goes wrong with the RV, your warranty will typically cover 1-2 years. You will also have the option to extend the warranty if you go the new route.
In most cases, buying used won’t grant you a warranty. There are some larger dealers that will prove a 30-60 day warranty though. This is something to keep in mind since you’ll be paying the repair bill if need be.
When you’re in the market for a recreational vehicle, pay attention to parts and how readily available they are. Sometimes when buying used RVs, it may be difficult to find older parts thus making it difficult to get repairs.
Talk to the salesman and previous owners about the experience with the manufacturer. What is their reputation and how easy is it to get support if need be?
Availability of Options
When buying a new recreational vehicle, you will be amazed by the many choices you have. Having a floor plan and layout in mind is essential. Take your time on deciding these things so you get something in the perfect color scheme and just the way you like it.
You don’t have to worry about finding options when buying used either. If you have a particular brand in mind, the process may take a bit longer, but be patient and select something you will truly enjoy on the road.
A new recreational vehicle will open up your possibilities when securing a loan. Things like a lower interest rate, multiple-term lengths, and lower down payments will all be available to you.
If you are buying used, you should see higher interest rates and expect to make a larger down payment.
Shop around to find the best financing options at your local bank, credit union, or online lenders. Doing so will save you a ton of money that you could use towards travel.
Get on the Road With a Recreational Vehicle
Has our guide pushed you in one direction when deciding on your recreational vehicle? Whatever it is you choose, get ready for the adventure of a lifetime.
There is nothing like hitting the road with family or friends and taking in the scenery.
For all your vehicular needs, be sure to cruise on over to our blog.